What May Impact Mortgage Rates this week: August 4, 2014

August 4, 2014 by 1 Comment

2014-07-05 09.46.57I hope you’re enjoying your summer. Can you believe that it’s already August? Tomorrow, August 5, 2014, is Seattle Night Out (actually, National Night Out) and many neighborhoods will be getting to know each better over block parties and/or pot luck dinners during this annual crime prevention event. This is a great excuse to get to know your neighbors better so if you don’t have anything planned tomorrow, why not knock on a few doors and have an impromptu pot luck? 🙂

Photo: Our puppy, Hitch, having fun with one of his neighbors, Sadie.

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What May Impact Mortgage Rates this Week: July 28, 2014

July 28, 2014 by 1 Comment

MortgagePorter-JobsReportThis week is packed full of economic indicators that may influence mortgage interest rates, including the Fed meeting on Wednesday and Jobs Report on Friday. The Jobs Report carries a lot of weight with mortgage rates as it may indicate inflation. As the economy and employment improves, we may see signs of wage inflation. Inflation is the arch enemy of bonds, like mortgage backed securities – which mortgage rates are based on. World tensions may also impact mortgage rates as investors may seek the safety found in bonds.

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What May Impact Mortgage Rates this Week: July 21, 2014

July 21, 2014 by 1 Comment

mortgageporter-economyMortgage rates are not only impacted by the direction of bonds (mortgage backed securities); global tensions may also influence mortgage interest rates. We saw this last week with the heart breaking and horrific downing of the Malaysian flight and increased global tensions. Rates slightly improved as investors opted for the safety found in bonds.

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Filed Under: Economy, Interest Rates

What May Impact Mortgage Rates this Week: July 14, 2014

July 14, 2014 by 1 Comment

mortgageporter-economyMortgage rates continue to be at low levels and are slightly improved compared to last Monday’s rate post. Here are some of the economic indicators that may influence the direction of mortgage interest rates this week:

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Filed Under: Economy

What May Impact Mortgage Rates this Week: July 7, 2014

July 7, 2014 by 1 Comment

mortgageporter-economyI hope you and your family had a fabulous holiday weekend. We began our holiday on our boat at Liberty Bay in Poulsbo with a beautiful display of fireworks on July 3rd – it was a lot of fun.

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What May Impact Mortgage Rates this Week: June 23, 2014

June 23, 2014 by Leave a Comment

mortgageporter-economyMortgage rates are based on mortgage backed securities (bonds) and often change throughout the day. Since they are based on bonds, mortgage rates will often improve when the stock markets are deteriorating as investors will trade the safety of bonds for the potential greater return found with stocks. The reverse is also true. World events as well as scheduled economic indicators may impact the direction of mortgage interest rates. Watch for signs of inflation, which erodes the value of bonds and therefore, causes mortgage rates to trend higher.

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What May Impact Mortgage Rates this Week: June 16, 2014

June 16, 2014 by Leave a Comment

mortgageporter-economyThe International Monetary Fund (IMF) has just reduced their forecast for the US GDP from 2.8% to 2.0% due to weaker than expected first half of the year. The bond market seems to be shrugging this off with a much stronger than expected report from the Empire State Index. Mortgage backed securities may also be getting support from increased tensions in the Ukraine. Remember, investors will often seek the safety of bonds over stocks when global issues are causing concerns.

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Filed Under: Economy, Interest Rates

What May Impact Mortgage Rates this Week: June 9, 2014

June 9, 2014 by 1 Comment

mortgageporter-economyThis week’s economic calendar appears to be on the lighter side.

  • Thursday, June 12: Retail Sales and Initial Jobless Claims
  • Friday, June 13: Producer Price Index (PPI) and Consumer Sentiment Index (UoM)

Mortgage rates are still at very low levels. [Read more…]

Filed Under: Economy, Interest Rates
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